BankNifty opened flat and we saw a sharp up-move in the morning but it couldn't sustain at higher levels and we again saw selling near the trendline.
Trades we took today -
> Bought BankNifty 36700 CE at 430 which made a high around 530 and Traders booked good Profit in this Trade
> Bought BankNifty 36700 CE again at 390 which we booked at the cost
> Bought BankNifty 36500 PE at 360 which we booked at the cost
> Bought BankNifty 36400 CE at 580 which we booked with 80 points loss
Overall, it was not a good day for BankNifty Option Buyers.
For tomorrow 36000 would act as an important level, if BankNifty sustains below 36000 we may see a sudden down move of 150-300 points.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36350
Sell Below 36000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought BankNifty 36700 CE at 430 which made a high around 530 and Traders booked good Profit in this Trade
> Bought BankNifty 36700 CE again at 390 which we booked at the cost
> Bought BankNifty 36500 PE at 360 which we booked at the cost
> Bought BankNifty 36400 CE at 580 which we booked with 80 points loss
Overall, it was not a good day for BankNifty Option Buyers.
For tomorrow 36000 would act as an important level, if BankNifty sustains below 36000 we may see a sudden down move of 150-300 points.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36350
Sell Below 36000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Sell Trade Triggered, 1st Target Done.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 BIG ANNOUNCEMENT for XAUUSD Traders! 🚨
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.